French treasury management platform Agicap has successfully completed a €45 million Series C funding round, led by AVP.
Founded in 2016, Agicap focuses on the treasury needs of SMEs and mid-market companies, offering C-suite executives and finance teams real-time insights into current, historical, and projected cash flow data, as well as a comprehensive suite of treasury management tools.
Since its $100 million Series B funding in 2021, led by GreenOaks Capital, Agicap has experienced a 7x revenue increase and expanded into four new European markets: DACH, Italy, the UK & Ireland, and Spain. The firm now supports 8,000 clients, providing services that include banking and ERP connectivity, cash management, liquidity planning, accounts receivable, accounts payable, and spend management.
“In today’s economic environment, effective cash management is essential,” says Clément Mauguet, co-founder and chief expansion officer at Agicap. He adds that “mid-market organizations have reached a level of complexity that complicates the management and optimization of their cash strategy due to the need to track numerous incoming and outgoing cash flows across multiple entities, banks, and currencies. Agicap automates this entire process, delivering critical insights in just minutes.”